Build value at your own pace with this home situated near the heart of downtown and a bike ride away from Lady Bird Lake! The seller has already secured a permit to remove the large pecan tree adjacent to the west side of the home, simplifying planning for a major renovation or new construction project. The existing 960-square-foot residence offers flexibility for those considering a substantial remodel, second-story addition, or complete redevelopment. While the lot provides room for expansion, the design opportunity is shaped by two additional protected trees located near the center of the property. A creative site design will maximize future square footage. These mature trees will likely remain a focal point of the property, creating a natural yard or outdoor living area beneath their canopy. With rear alley access, the most practical configuration may include a detached garage at the back of the lot with a small rental unit or guest quarters above, subject to applicable regulations. The space between the structures can be utilized for outdoor amenities such as a deck, BBQ area, or additional gathering space. Located in one of Austin's most established and desirable neighborhoods, this property presents a rare opportunity to create a custom residence tailored to your vision and lifestyle. Zoned MF, Commercial, or Residential. 149 acre / 6,499 sqft per tax record approximately 44' wide at front and 45' at rear and 145' deep. CS and SB 840 MF zoning are indicated by the Zonability report. Buyer to verify permitted uses.